Kotyark Industries IPO is all set to make its debut on 21st Oct 21 with 11.26 Cr is engaged in the manufacturing of Biofuels.
Kotyark industries IPO – overview
| IPO Dates | 21-25 Oct 2021 |
| IPO Price | INR 51 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 2,208,000 shares (INR 11.26 crore) |
| Minimum bid (lot size) | 2000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Company Overview
Incorporated in 2016, Kotyark Industries is engaged in the manufacturing of Biofuels. The company is focused on renewable green energy and sustainable development of renewable natural resources (Biofuels) through the adoption of environmentally friendly technology in vehicles for public and private transport as well as various equipment and Gen Sets.
The company’s products are categorized into:
- Bio-Diesel
- C9
- Carbon Black Feedstock (CBFS)
- Liquid Paraffin Oil
- Dewatering Fluid
Kotyark Industries is an approved manufacturer of Biodiesel and has received a Letter of Intent from the Biofuel Authority, Rural Development, Panchayat Raj Department, and Government of Rajasthan. The company has a bio-diesel manufacturing capacity of 100,000 KL per month from Multi Feedstock at Rajasthan, India.
Industry Overview
India is one of the fastest growing economies and the third largest consumer of primary energy in the world after the US and China. The BP Energy Outlook 2019 projects India’s share of total global primary energy demand to roughly double to ~11% by 2040, underpinned by strong population growth and economic development:
These targets will be achieved through a five-pronged strategy which includes: Increasing domestic production, adopting biofuels and renewables, implementing energy efficiency norms, improving refinery processes and achieving demand substitution. This strategy envisages a strategic role for biofuels in the Indian energy basket. The growing concern about import dependence for fuel supplies in tandem with environmental pollution issues is driving the development of alternative fuels that have superior environmental benefits and can be economically competitive with fossil fuels.
Competitive Strengths:
- Long-standing relationships and multi-layered engagement with customers.
- Experienced promoter and management
- Adherence to timely order fulfillment and high-cost efficiency
- Scalable Business Model
- Strong relationship with suppliers
- Environmental-friendly products
Objectives of the issue
- To meet working capital requirement.
- General Corporate Purpose.
- To Meet the Issue Expenses.
Company Financials
| Particulars | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
| Total Assets | 180.20 | 191.25 | 84.83 |
| Total Revenue | 652.90 | 257.81 | 375.67 |
| Profit After Tax | 10.44 | 4.85 | 5.77 |
Company Contact Information
Kotyark Industries Ltd
A-3, 2nd Floor, Shree Ganesh Nagar,
Housing Society, Ramakaka Temple Road, Chhani,
Vadodara-391740, Gujarat, India
Phone: 0265-2760345
Email: info@kotyark.com
Website: http://kotyark.com/
Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: kotyark.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Lead Manager(s)
- Beeline Broking Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
